The number of people affected by chronic disease will rise, sharply raising the demand for rehabilitation services over the anticipated period. For instance, the disease pattern has altered from the past as chronic diseases, neuropsychiatric disorders, and injuries have increased from 2000 to 2020 while infectious diseases have declined. As a result, the rising prevalence of chronic diseases will significantly increase the demand for rehabilitation for sports injuries, women's health, and pediatric care, as well as for CVD, neuro, and other related disorders. This is because using rehabilitation, an illness can be postponed or reduced.
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Data Bridge Market Research analyses that the Rehabilitation Therapy Services Market is expected to grow at a CAGR of 8.20% in the forecast period of 2022 to 2029 and is expected to reach USD 46.94 billion by 2029 from USD 24.99 billion in 2021.
Proper reimbursement for Rehabilitation Services Is Expected to Drive the Market
Reimbursement is important since it is intended to boost consumer demand for the services and goods offered. The market for rehabilitation therapy services is considerable, and reimbursement tends to promote the implementation of regulations that would improve those services. For instance, Medicare Reimbursement for outpatient physical therapy providers has improved marginally, with increases of 0.5% in 2018 and 0.25% in 2019. Demand is increased in large part through reimbursement. The fact that Medicare and Medicaid pay for rehabilitation therapy services is anticipated to increase demand for these services during the forecast period.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Service (Rehabilitation Therapy Services, Speech Therapy, Occupational Therapy, Respiratory Therapy, Cognitive Behavioral Therapy, Others), Age Group (Elderly, Pediatrics, Adults), Service Type (Outpatient Rehabilitation Services, Inpatient Rehabilitation Services), Application (Orthopedic Rehabilitation Therapy Services, Neurological Rehabilitation Therapy Services, Cardiological Rehabilitation Therapy Services, Pulmonary Rehabilitation Therapy Services, Palliative Care, Sports Related Injuries, Integumentary Rehabilitation Therapy Services, Pelvic Care, Others), Service Category (Hospital Services, Physician Services, Industrial Services, Employer Services), Model (Manual, Conventional), End User (Hospitals, Skilled Nursing Facilities, Home Health, Private Practices, Sports and Fitness Facility Centers, Rehabilitation Centers, Others), Service Channel (Direct Channel, Online Channel)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Smart Speech Therapy (U.S.), Therapy Solutions Inc. (U.S.), Benchmark Therapies (U.S.), Speed Pathology (Australia), Priory Group (U.K.), Bellefleur Physiotherapy (Canada), SuVitas (India), LifeStance Health Inc. (U.S.), FYZICAL (U.S.), Sutter Health (U.S.), Bon Secours USA (U.S.), Banner Health (U.S.), Spectrum Physio / The Physio Company (India), Select Medical Corporation (U.S.), Lifespan Physical Therapy Services (U.S.), nMotion Physical Therapy (U.S.) and CORA Health Services, Inc. (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
Global rehabilitation therapy services market is categorized into eight notable segments which are based on the service, age group, service type, application, service category, model, service channel and end user.
- On the basis of service, global rehabilitation therapy services market is segmented into rehabilitation therapy services, speech therapy, occupational therapy, respiratory therapy, cognitive behavioral therapy and others.
Rehabilitation therapy services segment is expected to dominate the rehabilitation therapy services market
Rehabilitation therapy services segment is expected to dominate the market with 47.74% market share due to increasing cases of accidents which help to overcome struggles of everyday life.
- On the basis of age group, global rehabilitation therapy services market is segmented into elderly, pediatric and adults.
Elderly segment is expected to dominate the rehabilitation therapy services market
Elderly segment is expected to dominate the market with 40.96% market share due to increasing number of orthopedic injuries. Moreover, the rising cases of neurological disorders including Alzheimer's is expected to dominate the market.
- On the basis of service type, global rehabilitation therapy services market is segmented into outpatient rehabilitation services and inpatient rehabilitation services. The outpatient rehabilitation services is expected to dominate the market with 64.70% market share as the service is more patient convenient and they decrease the pocket burden for the patient taking rehab services.
- On the basis of application, global rehabilitation therapy services market is segmented into orthopedic rehabilitation therapy services, neurological rehabilitation therapy services, cardiological rehabilitation therapy services, pulmonary rehabilitation therapy services, sports related injuries, palliative care, integumentary rehabilitation therapy services, pelvic care and others. The orthopedic rehabilitation therapy services segment is expected to dominate the market with 31.14% market share because it is supposed to be the main contributor to the global need of rehabilitation.
- On the basis of service category, global rehabilitation therapy services market is segmented into hospital services, physician services, industrial services and employer services. The hospital services segment is expected to dominate the market with 39.57% market share as most of the rehabilitation therapy services are provided by hospital professionals and are equipped with the best of equipment required for providing rehabilitation therapies to patients.
- On the basis of model, global rehabilitation therapy services market is segmented into manual and conventional. Manual segment is expected to dominate the market with 62.18% market share as it helps muscles to relax, up scar tissue and improves flexibility. It also increases joint movement where a range of motion has been previously restricted and reduce painful muscle spasm.
- On the basis of end user, global rehabilitation therapy services market is segmented into hospitals, skilled nursing facilities, home health, private practices, sports and fitness facility centers, rehabilitation centers and others. The hospitals segment is expected to dominate the market with 34.55% market share as most of the rehabilitation therapy services are used at hospitals outpatient department by the skilled therapists so as to achieve effective results.
- On the basis of service channel, global rehabilitation therapy services market is segmented into direct channel and online channel. Direct channel segment is expected to dominate the market with 69.10% market share owing to high satisfaction and treatment rate through this channel.
Major Players
Data Bridge Market Research recognizes the following companies as the major rehabilitation therapy services market players in rehabilitation therapy services market are Smart Speech Therapy (U.S.), Therapy Solutions Inc. (U.S.), Benchmark Therapies (U.S.), Speed Pathology (Australia), Priory Group (U.K.), Bellefleur Physiotherapy (Canada), SuVitas (India), LifeStance Health Inc. (U.S.), FYZICAL (U.S.), Sutter Health (U.S.), Bon Secours USA (U.S.), Banner Health (U.S.), Spectrum Physio / The Physio Company (India), Select Medical Corporation (U.S.), Lifespan Physical Therapy Services (U.S.), nMotion Physical Therapy (U.S.) and CORA Health Services, Inc. (U.S.)
Market Development
- In 2021, Sutter Health and Landed announced a pilot venture to expand Landed's homeownership assistance program to the healthcare sector. Over the past five years, the program has increased access to homeownership by providing down payment assistance and other home-buying services. The company's business expansion has benefited from this.
- In 2021, A new digital platform for new and other company-related operations was announced by Banner Health. This would make it possible for the general public to read news-related items and would be advantageous to the company by increasing the number of individuals joining up for their other services, including addiction therapy.
Regional Analysis
Geographically, the countries covered in the paint protection film market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in rehabilitation therapy services market in the forecast period 2022 - 2029
Asia-Pacific is dominating due to a growing elderly population and an increasing number of rehab facilities in the healthcare industry.
North America is estimated to be the fastest growing region in rehabilitation therapy services market in the forecast period 2022 - 2029
North America is expected to grow the global rehabilitation therapy services market due to a rise in the need for rehab services in the medical field.
For more detailed information about the Rehabilitation therapy services market report, click here – https://www.databridgemarketresearch.com/reports/global-rehabilitation-therapy-services-market
